File: Film actor Powstar Srinivasan | Photo Credit: Srinivasan L
An official said on Wednesday that the Economic Offenses Wing (EOW) of the Delhi Police arrested Srinivasan, a Tamil actor and a self-style doctor, known as Pavstar, known as Pavstar, who is known in terms of ₹ 5-crores debt fraud.
Delhi Police said in a statement that Srinivasan, who had been prosecuting since 2018 and was declared a ‘declared criminal’ twice, was arrested in Chennai.
According to the statement, the actor allegedly presented a financer and betrayed a Delhi -based company of ₹ 5 crore, promising to secure a loan of ₹ 1,000 crore.
Later this money was diverted for film production and personal use. Ravi Kumar said, “The accused escaped for many years and was finally arrested from Vanagaram in Chennai on 27 July. He was sent to judicial custody.”
According to the complaint, a private firm was allegedly cheated by a group of individuals, including Henry Lalremsunga, Deepak Banga, Anil Varni and Ramanuja Muwwala in 2010.
The DCP said, “These people claimed to be a competent specialist advisor to achieve high-value funding for hotels and corporate infrastructure projects.”
He introduced the complainant from S Srinivasan, who introduced himself as the owner of a trading company and claimed that he could secure a loan of ₹ 1,000 crore loan to the company.
As part of the deal, the complainant paid Srinivasan, 5 crore, to buy a standard fee in such transactions, adhesive tickets (0.5 percent of the loan amount).
However, no debt became physical, and issued as security by Srinivasan, post -5 crore investigation, bounced due to insufficient money, police said.
During the investigation, the official said, the police found that on December 27, 2010, an amount of 5 crores was transferred to the trading company account and later transferred to the accounts controlled by Srinivasan and his wife.
Out of this money, he withdrew ₹ 50 lakh and transferred the remaining amount to a joint account, out of which a fixed deposit of ₹ 4 crore was made.
Officials said that Srinivasan failed to provide any documents to prove that he bought adhesive tickets, which revealed his fraud intentions.
The official said, “He was arrested for the first time during the investigation, but was later released on interim bail in 2013 after giving this assurance in court that he would repay ₹ 10 crore in 15 days. However, he deposited only ₹ 3.5 lakh and went underground.
The actor was first declared a declared criminal in April 2016. Although he was arrested again in March 2017 and bail was granted in June the same year, he escaped again, which was declared PO for the second time in November 2018.
In search of him for him, the police raised their place in the Golden Treasure Apartment in Vanagaram, Chennai, and on July 27, arrested the 64 -year -old.
Known as “Powertar” in the Tamil film industry, Srinivasan is associated with films as a comedian, producer and singer. He even introduced himself as a politician. He holds a diploma in acupressure from a Chinese university, acquired through distance learning.
His passion for cinema inspired him to establish a business company in Chennai, through which he allegedly lured traders with promises of large bank loans. Srinivasan has acted in many Tamil films.
Police said they have also been nominated in six other cases in Chennai for similar crimes.
Published – July 31, 2025 12:00 pm IST